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(Yicai Global) Oct. 15 -- The stock price of Kweichow Moutai jumped to a historic high today while the Chinese baijiu maker prepares to announce its third-quarter financial results tonight.
Kweichow Moutai's shares [SHA:600519] crossed the level of CNY1,200 (USD169.70) to trade at CNY1,207, up 2.3 percent, in the afternoon. The market capitalization climbed to CNY1.52 trillion (USD215 billion), among the top five in China.
In the first half of this year, the Guizhou province-based distiller reported slowing revenue growth, with the figure climbing by 17 percent from a previous year to CNY41.2 billion (USD5.8 billion).
The liquor maker offers its product for CNY1,499 per bottle but due to limited supply, market prices tend to soar.
Editor: Emmi Laine